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#EastIndiaCompany_Coins
This little piece of history may do some good to them, who on social media are circulating images of fake coins, apparently issued by East India Company, with images of Hindu & Jain gods.
1. East India Company estb their 1st factory in India in 1611
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This little piece of history may do some good to them, who on social media are circulating images of fake coins, apparently issued by East India Company, with images of Hindu & Jain gods.
1. East India Company estb their 1st factory in India in 1611
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at Masulipatnam on east cost. In 1639, they took on lease some land around Chennirayapattinam, from the Raja of Chandragiri, a feudatory of Vijayanagar Empire, & built there Fort St George, which subsequently grew into Madras town.
2. Since they first landed, they had felt
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2. Since they first landed, they had felt
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the need of minting their own money, that would be acceptable to Indian traders in payment for the goods being sold by them. There was very little demand for British goods that EIC could bring & sell here to get Indian money required for their purchases. So they had to
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